Toronto Dominion Bank Sells 142,800 Shares of Nutrien Ltd. (NYSE:NTR)

Toronto Dominion Bank cut its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,772,941 shares of the company's stock after selling 142,800 shares during the quarter. Toronto Dominion Bank owned about 0.76% of Nutrien worth $192,080,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Nutrien by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 18,781,287 shares of the company's stock worth $1,020,012,000 after acquiring an additional 570,912 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Nutrien by 15.5% during the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company's stock valued at $719,668,000 after purchasing an additional 1,794,333 shares during the last quarter. Parnassus Investments LLC boosted its position in shares of Nutrien by 19.5% in the 4th quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company's stock valued at $676,928,000 after purchasing an additional 1,960,162 shares during the period. First Eagle Investment Management LLC increased its stake in Nutrien by 0.5% in the 1st quarter. First Eagle Investment Management LLC now owns 9,571,272 shares of the company's stock worth $519,816,000 after purchasing an additional 50,369 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in Nutrien by 28.6% in the 4th quarter. TD Asset Management Inc now owns 9,226,352 shares of the company's stock worth $522,309,000 after purchasing an additional 2,050,358 shares in the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Stock Down 1.0 %

NTR stock traded down $0.49 during trading hours on Wednesday, hitting $47.20. The company's stock had a trading volume of 1,953,390 shares, compared to its average volume of 1,930,597. The stock has a 50 day moving average price of $47.88 and a two-hundred day moving average price of $51.78. Nutrien Ltd. has a 12 month low of $44.65 and a 12 month high of $63.60. The company has a market capitalization of $23.36 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.37.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.19 by $0.15. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The firm had revenue of $10.16 billion during the quarter, compared to analysts' expectations of $10.82 billion. During the same period in the prior year, the company posted $2.53 earnings per share. Nutrien's revenue for the quarter was down 12.9% on a year-over-year basis. On average, equities research analysts expect that Nutrien Ltd. will post 3.83 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Friday, September 27th. Nutrien's dividend payout ratio is 126.32%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company cut shares of Nutrien from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $62.00 to $50.00 in a report on Tuesday. Hsbc Global Res cut shares of Nutrien from a "hold" rating to a "moderate sell" rating in a research report on Friday, August 2nd. Royal Bank of Canada restated an "outperform" rating and issued a $60.00 target price on shares of Nutrien in a report on Friday, September 20th. Mizuho lowered their price target on Nutrien from $55.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. Finally, BMO Capital Markets dropped their price target on Nutrien from $80.00 to $75.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $61.50.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.